He won the 1984 US Investing Challenge By earning more money than any other competitor. He also predicted through his system that the market would have a correction in 1998.
Alexander Elder
Elder's books "Trading for a Living" "Come into My Trading Room – A Complete Guide to Trading" are considered to be financial trading classics.
Stanley Druckenmiller
Stanley Druckenmiller is an icon of the stock market. His trade mark "top-down" strategy made him one of the most successful brokers in United States history.
Larry Hite
Larry Hite is rightfully considered to be one of the Founding Fathers of modern stock exchange trade. He is world acclaimed trader, author of countless financial publications and in 1986 Business Week business magazine awarded him its annual "Best of Award".
Jack Schwager
Jack Schwager is Managing Director and principal of Fortune Group and leading portfolio manager for Fortune’s Market Wizards Funds of Funds – wide range of diversified institutional hedge funds. He is also Board Member of Fortune’s research affiliate Global Fund Analysis, independent analytic center for hedge funds study. He is also author of critically acclaimed "Getting Started in Technical Analysis" (1999)
Steven Cohen
Made over $100 million dollars in the market.
W.D. Gann
Gann defined the pyramiding technique, which is adding more positions in the direction of the trend, as the market continues in the direction of the trend. The method states that, if the trend is going up, you would buy your first position at the break of a swing high, putting your stop under the most recent swing low, then add another position at the break of the next swing high, with your stop on the whole position under the next most recent swing low, and continue doing this as the market advanced. Finally, the whole position would be stopped out at the major trend change.
Warren Buffet (From an article with link at bottom)
When Warren Buffet invests in a stock, he only focuses on the company’s fundamentals. This means that he looks for companies with a good business model, consistent earnings growth, competitive advantage, low debt and good management. He buys as long as the company’s current stock price is selling BELOW the true value of the stock (intrinsic value). He does NOT study the price pattern on the stock chart at all (known as technical analysis). He also does NOT take into account macroeconomic data like interest rates employment and inflation data.
Why does he do this? The reason is because when Buffett buys a stock, his minimum holding period is 10 years. So he does not care about the short and medium term trends that you can see from a stock chart. However, by using technical analysis, we can see if the stock price is on a downtrend or on an uptrend. When a stock is on an uptrend, it means the market psychology is optimistic and prices tend to move higher (upward momentum). When a stock is on a downtrend, it means the market is pessimistic and prices tend to go lower (downward momentum). The danger is that when a stock is on a downtrend, you do not know how low it can go. A cheap stock can become EVEN CHEAPER. In a downtrend, ALL stocks go down, both good and bad companies. No matter how good or cheap a stock is, a downtrend will always send it lower.
Warren Buffett does not take this into account at all. Can you follow his style? Yes! However, you may buy a stock on a downtrend that goes 20%-50% lower before eventually rising years later. If you are prepared to hold for 10 years and not less, then no problem. However, if you want to achieve higher returns in months and not 10 years, it makes sense to combine Buffett’s fundamental investing methods with technical analysis strategies used by other gurus like George Soros & Victor Sperandeo. Technical analysis helps you to better time your entry. While technical analysis is not 100% full-proof and while you can never buy right at the bottom and sell right at the top, it certainly improves your chances to buy NEAR the bottom, at the beginning of an uptrend and to sell NEAR the top, at the beginning of a downtrend.
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